Hindalco Q2 Results: Aditya Birla Group’s firm revenue rises 13%, Profit surges 21% YoY – Details

Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, reported a robust performance for the quarter ended September 30, 2025, supported by strength in its aluminium business and resilient operations at Novelis.

The company’s consolidated revenue from operations rose 13 per cent year-on-year to Rs 66,058 crore in Q2 FY26, compared with Rs 58,203 crore in Q2 FY25.

EBITDA increased 6 per cent to Rs 9,684 crore, while profit after tax (PAT) rose 21 per cent to Rs 4,741 crore. Earnings per share stood at Rs 21.35, up from Rs 17.59 in the same quarter last year.

For the first half of FY26, Hindalco reported revenue of Rs 1,30,290 crore, up from Rs 1,15,216 crore a year ago. Half-yearly EBITDA was Rs 18,357 crore, and PAT stood at Rs 8,745 crore, marking steady growth across segments.

The company’s India aluminium operations continued to perform strongly. The Aluminium Upstream segment recorded a 22 per cent jump in EBITDA to Rs 4,524 crore, driven by higher volumes and improved realisations. Revenue from this segment increased 10 per cent to Rs 10,078 crore. Aluminium EBITDA per tonne improved to $1,521, with industry-leading margins of 45 per cent.

Hindalco also announced Phase 2 expansion of the Aditya Aluminium project with an additional capacity of 193 KT and a project cost of Rs 10,225 crore, expected to be completed by FY29.

The Aluminium Downstream segment achieved an all-time high EBITDA of Rs 261 crore, up 69 per cent year-on-year, supported by higher shipments and a favourable product mix. Downstream sales rose 10 per cent to 113 KT, and revenue grew 20 per cent to Rs 3,809 crore.

The copper segment delivered a stable performance despite a softening market. Copper metal sales stood at 113 KT, down 3 per cent year-on-year, while revenue increased 11 per cent to Rs 14,563 crore. EBITDA for the segment came in at Rs 634 crore, supported by higher realisations from sulphuric acid, which offset the impact of lower treatment and refining charges. The company’s copper tubes and recycling projects are progressing as planned.

Hindalco’s US-based subsidiary, Novelis, reported flat shipments at 941 KT. Revenue increased 10 per cent to $4.7 billion, supported by higher aluminium prices. However, adjusted EBITDA declined 9 per cent to $422 million, mainly due to the impact of tariffs and higher costs. The company continues to focus on cost-saving initiatives, targeting $125 million in savings by FY26 and $300 million by FY28. The Oswego plant in the US is scheduled to restart its hot mill in December 2025.

Hindalco’s consolidated net debt to EBITDA ratio stood at 1.23x as of September 30, 2025, compared with 1.19x a year ago, reflecting a stable balance sheet.